BHG Financial to Showcase Company Growth and Complete Product Ecosystem at LendIt Fintech 2022
FORT LAUDERDALE, Florida., May 12, 2022 /PRNewswire/ — Over the past 20 years, BHG Financial has grown exponentially from a working capital provider for healthcare professionals to a fully diversified fintech. BHG Financial now offers a comprehensive product ecosystem that includes unsecured consumer lending, point-of-sale financing, lending-as-a-service solutions, regulatory advisory, SBA 7(a) services, personal and business credit cards, venture capital and Suite. These additions to the core business were significant factors in the company’s rebranding from Bankers Healthcare Group to BHG Financial at the end of 2021, as well as the rebranding of its lending division, which will now provide financial solutions under the name of BHG Money.
BHG has grown in these products by focusing on its three fundamental pillars: an impressive and proven acquisition engine, differentiated analytics and technology, and an unparalleled funding and distribution marketplace.
You can expect to see many of these new products, brands and features highlighted at the LendIt Fintech 2022 conference during a fireside chat with Al CrawfordPresident, Co-Founder and CEO and Tyler Crawford, COO of BHG Financial. The panel will be moderated by LendIt co-founder, Peter Renton.
“Embrace the Evolution: from Start-up to Diversified Fintech” will explore the transformation of BHG Financial. The panel will discuss how BHG, guided by world-class data and analytics, was able to evolve from a single product provider to a comprehensive suite of financial solutions to meet the needs of professionals and consumers nationwide, transforming so a $25,000 investment in $3 billion in assets and $400 million in equity.
“We are proud to have reached a state in our business where we have the ability to step back and show the depth of all that BHG Financial offers,” said Al Crawford, Chairman, Co-Founder and CEO. “We started BHG more than two decades ago to meet the needs of healthcare professionals, and through a dedication to technology, innovation and partnerships, we have now expanded our services, business sectors business and our products to reach a whole new level of consumers and partners.”
To demonstrate the breadth of the company’s achievements, products and subsidiaries, BHG Financial has also released key milestones and business insights accumulated over the past 12 months.
Financial and business milestones
Crossed the $11 billion brand in total financial solutions provided to date
Closed four ABS transactions, encompassing more than $1.4 billion in the consumer and commercial notes
Opening of new offices in New York City, Atlantaand ft. Lauderdale
Achieved the highest annual net income in company history in 2021 at $241 millionup 40% year over year
Expansion of the BHG banking network to more than 1,400 banking institutions that have purchased a BHG loan
Product and brand milestones
Rebranding of BHG’s best business and consumer loan offers as BHG Money
Creation of NaluPay, a revolutionary POS finance platform designed for the merchant and powered by BHG’s proven track record in analytics and technology
Launch of BHG Connect, a white-label lending-as-a-service platform for banks, financial institutions and fintechs to easily offer loans online
Launch of BHG VC, an in-house venture capital division focused on leveraging BHG’s core competencies to support and grow innovative technology and finance companies
Employee and Talent Milestones
Saw a 102% increase in employee growth over the past 12 months
Welcome new CTO and CISO positions to ensure the proper development and management of new technologies
Recognized by Fortune and Inc. as the best place to work for women, for millennials and in New York Staterespectively
LendIt Fintech 2022 will take place at New York City, May 25 until May 26. BHG Financial will host the official closing party for day one and provide WIFI sponsorship for all LendIt attendees.
About BHG Financial
Powered by data, analytics and technology, BHG Financial is constantly pushing the boundaries of innovation to help its clients succeed.
BHG Financial’s commitment to providing services that meet the needs of its customers has led to the creation of a comprehensive family of brands ranging from business, consumer and SBA 7(a) loans to credit cards, collection services and points of sale. financing of the sale. Since 2001, the company has been responsible for more than $11 billion in lending to prime borrowers, developed a state-of-the-art lending platform for community and mid-sized banks, and created the largest network of community banks in the country.
Nearly doubling in size since 2019, BHG Financial has experienced phenomenal growth and continues to be recognized regionally and nationally as a Great Place to Work®, earning a spot on Inc. 5000 for 14 years.
BHG Financial is partly owned by Pinnacle Bank (PNFP) and is headquartered in ft. Lauderdale, Florida and Syracuse, NY.
Explore the company’s financial solutions at https://bhgfinancial.com. For more information on the BHG banking network, click here. Follow BHG Financial on LinkedIn, Facebook, Instagram and Twitter.
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